Twitter Inc (TWTR) to Post FY2018 Earnings of $0.49 Per Share, Jefferies Financial Group Forecasts

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Twitter Inc (NYSE:TWTR) – Equities researchers at Jefferies Financial Group boosted their FY2018 earnings per share estimates for Twitter in a research report issued on Wednesday, January 9th. Jefferies Financial Group analyst B. Thill now forecasts that the social networking company will earn $0.49 per share for the year, up from their prior estimate of $0.48. Jefferies Financial Group also issued estimates for Twitter’s Q1 2019 earnings at $0.11 EPS, Q2 2019 earnings at $0.11 EPS, Q3 2019 earnings at $0.14 EPS, Q4 2019 earnings at $0.25 EPS and FY2020 earnings at $0.65 EPS.

A number of other brokerages also recently issued reports on TWTR. Zacks Investment Research reiterated a “strong-buy” rating and issued a $37.00 price target on shares of Twitter in a report on Saturday, November 17th. Nomura boosted their target price on Twitter from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Friday, October 26th. BMO Capital Markets boosted their target price on Twitter from $31.00 to $35.00 and gave the stock a “market perform” rating in a research note on Friday, October 26th. TheStreet upgraded Twitter from a “c” rating to a “b-” rating in a research note on Friday, October 26th. Finally, ValuEngine upgraded Twitter from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 31st. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $35.77.

Shares of NYSE:TWTR opened at $32.87 on Friday. Twitter has a 12-month low of $22.04 and a 12-month high of $47.79. The firm has a market capitalization of $24.55 billion, a PE ratio of 547.83, a P/E/G ratio of 2.91 and a beta of 0.24. The company has a current ratio of 4.61, a quick ratio of 4.61 and a debt-to-equity ratio of 0.27.

Twitter (NYSE:TWTR) last announced its quarterly earnings results on Thursday, October 25th. The social networking company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.17. Twitter had a return on equity of 6.75% and a net margin of 36.35%. The business had revenue of $758.11 million for the quarter, compared to the consensus estimate of $703.57 million.

Several hedge funds have recently modified their holdings of TWTR. Vanguard Group Inc. raised its holdings in Twitter by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 70,255,589 shares of the social networking company’s stock worth $1,999,474,000 after purchasing an additional 1,830,649 shares during the period. Vanguard Group Inc raised its holdings in Twitter by 2.7% in the 3rd quarter. Vanguard Group Inc now owns 70,255,589 shares of the social networking company’s stock worth $1,999,474,000 after purchasing an additional 1,830,649 shares during the period. First Trust Advisors LP raised its holdings in Twitter by 18.4% in the 3rd quarter. First Trust Advisors LP now owns 10,400,990 shares of the social networking company’s stock worth $296,012,000 after purchasing an additional 1,616,515 shares during the period. Northern Trust Corp raised its holdings in Twitter by 42.8% in the 2nd quarter. Northern Trust Corp now owns 10,289,349 shares of the social networking company’s stock worth $449,336,000 after purchasing an additional 3,084,415 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in Twitter by 42.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 6,011,350 shares of the social networking company’s stock worth $171,083,000 after purchasing an additional 1,804,706 shares during the period. 64.16% of the stock is owned by institutional investors and hedge funds.

In other news, Director David S. Rosenblatt sold 30,000 shares of the business’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $34.30, for a total value of $1,029,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ned D. Segal sold 6,000 shares of the business’s stock in a transaction dated Tuesday, November 13th. The shares were sold at an average price of $32.16, for a total value of $192,960.00. The disclosure for this sale can be found here. In the last three months, insiders sold 7,086,486 shares of company stock valued at $224,660,057. Insiders own 6.62% of the company’s stock.

Twitter Company Profile

Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.

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